Politics Apple to hire 20,000, open second headquarters and pay $38 billion tax bill on overseas profits

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Denny Crane said:
Indeed. In context - the dam broke, unleashing the economic forces that were stifled under your guy's awful policies.
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Weird how the economic trendlines don't show much change before and after Trump.

barfo
 
Denny Crane said:
Only between your ears.
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Your rhetorical skills are declining, Denny. Probably best to hang it up before you embarrass yourself any further.

barfo
 
http://thehill.com/opinion/finance/371349-democrats-panic-over-avalanche-of-good-economic-news

Democrats panic over avalanche of good economic news

Democrats sound plain silly as they continue to attack the GOP tax cuts.

Former Democratic National Committee ChairwomanDebbie Wasserman Schultzsaid at a recent town hall that $1,000 bonuses “wouldn’t go very far,” and they were taxable, so it wouldn’t really be $1,000 after all. Amazingly, she also said she hadn’t heard of any bonuses bigger than $1,000.

Is she really that out of touch? As Fox Business hostCharles Payne noted in a tweet, Schultz represents a district where the median household income is $50,000. Does she think her constituents wouldn’t welcome a $1,000 windfall?

Moreover, she apparently missed the announcements that Waste Management will pay$2,000 bonuses to 34,000 employees. She also failed to notice similar payments recently made by Fiat ChryslerandApple.

Schultz also neglected to mention the pay hikes announced by many companies, including AT&T, Wells Fargo, Fifth Third Bancorp, Boeing, Walmart and Comcast, that will make a permanent difference to workers going forward.

Is Debbie not keeping up? Or is she so panicked over the avalanche of good economic news triggered by the Trump agenda that she can no longer bear to read the headlines?

She made the disparaging comments while appearing with House Minority LeaderNancy Pelosi(R-Calif.), who has been leading the charge against Trump’s tax cuts.

The wealthy Pelosi has famously likened $1,000 bonuses to “crumbs”; this, from a woman who in 2011 called a $40 payroll tax savings passed by President Obama a “victory for America.” At the time, Pelosi tweeted that the $40 weekly benefit would “make a difference” to the American people.

Here’s the bad news for Democrats: The good news from the tax bill is going to be bigger and more powerful in the months ahead, leading right up to the fall elections. The most important number contained in the fourth-quarter GDP report was a 6.8-percent rise in business nonresidential investment.
 
barfo said:
Your rhetorical skills are declining, Denny. Probably best to hang it up before you embarrass yourself any further.

barfo
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My post was 100% accurate.
 
Rastapopoulos said:
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When are we going to ditch the whole "shareholders are bad people" thing? I mean, just about every 401k, retirement plan and pension fund has some level of exposure to the market. There are way more grandmas relying on that 4% dividend than fat cats making an extra mill-five. If the board chooses to reinvest or redistribute, why is that a bad thing?
 
Wages up, 401Ks up, unemployment down across the board to record lows especially for African Americans, Hispanics and Women, food stamp claims drastically down....

Bad Trump....shame on you. I don't like how you tweet.
 
https://www.wsj.com/articles/pfizer...manufacturing-from-tax-law-changes-1517319342

Pfizer Plans $5 Billion Boost in U.S. Manufacturing From Tax Law Changes
The drugmaker plans to pay a tax of $15 billion on overseas profits over the next eight years

As a result of savings from the tax changes, Pfizer made a $200 million contribution to the company’s charitable foundation in the fourth quarter, plans to pay $100 million in bonuses to employees and will make a $500 million contribution to its U.S. pension plan by the end of September.

The company said it plans to buy back $5 billion in shares this year and invest $5 billion in manufacturing and other capital projects in the U.S. over the next five years.
 
BrianFromWA said:
When are we going to ditch the whole "shareholders are bad people" thing?
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Oh! Good thing I read your post first. I hate duplicating the same thought.

Share holders getting more money is so un American. So bad!
 
Denny Crane said:
https://www.wsj.com/articles/pfizer...manufacturing-from-tax-law-changes-1517319342

Pfizer Plans $5 Billion Boost in U.S. Manufacturing From Tax Law Changes
The drugmaker plans to pay a tax of $15 billion on overseas profits over the next eight years

As a result of savings from the tax changes, Pfizer made a $200 million contribution to the company’s charitable foundation in the fourth quarter, plans to pay $100 million in bonuses to employees and will make a $500 million contribution to its U.S. pension plan by the end of September.

The company said it plans to buy back $5 billion in shares this year and invest $5 billion in manufacturing and other capital projects in the U.S. over the next five years.
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You just don't get it Denny! Corporations Bad! Bad!!
 
BrianFromWA said:
When are we going to ditch the whole "shareholders are bad people" thing?
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I don't think anyone has ever said that shareholders are bad people. At least nobody here.

I mean, just about every 401k, retirement plan and pension fund has some level of exposure to the market. There are way more grandmas relying on that 4% dividend than fat cats making an extra mill-five. If the board chooses to reinvest or redistribute, why is that a bad thing?
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It's not a bad thing, it's just that only about half of Americans have any exposure to the stock market at all, so it doesn't do anything to help the other half.

Helping half of Americans is great, so far as that goes. The fact that it helps, overwhelmingly, the top fraction of a percent, makes it something that the average guy on the street probably shouldn't get excited about. It widens the already historically extreme wealth disparity in this country.

barfo
 
barfo said:
I don't think anyone has ever said that shareholders are bad people. At least nobody here.



It's not a bad thing, it's just that only about half of Americans have any exposure to the stock market at all, so it doesn't do anything to help the other half.

Helping half of Americans is great, so far as that goes. The fact that it helps, overwhelmingly, the top fraction of a percent, makes it something that the average guy on the street probably shouldn't get excited about. It widens the already historically extreme wealth disparity in this country.

barfo
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Let half the people eat cake.

-- barfo
 
Denny Crane said:
It makes total sense.

You're upset it only helps half the people. As if you'd rather it helped none. Screw half the people.
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You seem to have misread my post.

SAD!

barfo
 
TBpup said:
Wages up, 401Ks up, unemployment down across the board to record lows especially for African Americans, Hispanics and Women, food stamp claims drastically down....

Bad Trump....shame on you. I don't like how you tweet.
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Yeah... it's the tweeting, not the wholesale destruction of the environment, lives of immigrants and oh, you know, the constitution. Oh, and the apparent plans to strike North Korea:



I could forgive all that if he was less crass on Twitter.

(And I bet it's not really record lows for African Americans - after all, under slavery there was full employment!)
 
Rastapopoulos said:
Yeah... it's the tweeting, not the wholesale destruction of the environment, lives of immigrants and oh, you know, the constitution. Oh, and the apparent plans to strike North Korea:



I could forgive all that if he was less crass on Twitter.

(And I bet it's not really record lows for African Americans - after all, under slavery there was full employment!)
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Well Rasta, you still make no sense. But I see river likes it! Perhaps he can make some sense of it to help me out?
 
http://thehill.com/homenews/campaign/371330-dnc-ceo-leaves-group-after-less-than-a-year

DNC CEO leaves group after less than a year: report

The CEO of the Democratic National Committee (DNC) is leaving the organization after less than a year,NBC News reported Monday.

Jess O’Connell, a longtime Democratic operative, is leaving for personal reasons after joining the group in May, one DNC officialtold NBC, but O'Donnell didn’t give a specific reason for her departure in an email to DNC staffers Monday.

The DNC has struggled in its fundraising in the past year, while Republicans raked in the cash throughout 2017.
 
https://www.cnbc.com/2018/01/31/pri...january-vs-185k-est-adp-moodys-analytics.html

Private payrolls grow by 234,000 in January, vs 185,000 expected: ADP/Moody's Analytics
  • Privatecompanies hired 234,000 jobs in January, well above expectations for 185,000, according to ADP and Moody's Analytics.
  • Service-related industries led with 212,000 new jobs; manufacturing added 12,000 and construction 9,000.
  • The report often differs significantly from the government's more closely watched nonfarm payrolls count, with ADP reporting growth of 242,000 in December vs. the Labor Department's 148,000.
 
Holy Crap!

https://www.cnbc.com/2018/02/01/eco...-first-quarter-atlanta-fed-tracker-shows.html

Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows
  • The Atlanta Fed updated its rolling look at the U.S. economy, projecting that GDP would grow 5.4 percent in the first quarter.
  • If the forecast holds, it would be the strongest quarter since the economic recovery began and would more than double the typical annualized growth during the period.
 
So the complaint is that all these bonuses are "one time" even though the overseas funds repatriation is also "one time?"

Or is it just not enough for a company to spend $250M in bonuses while using the rest to fuel growth and hire more?
 
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Denny Crane said:
So the complaint is that all these bonuses are "one time" even though the overseas funds repatriation is also "one time?"

Or is it just not enough for the companies to spend $250M in bonuses while using the rest to fuel growth and hire more?
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There's no mention of blowjobs. That's what would prove they were serious. Bonus blowjobs.
 
Denny Crane said:
Holy Crap!

https://www.cnbc.com/2018/02/01/eco...-first-quarter-atlanta-fed-tracker-shows.html

Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows
  • The Atlanta Fed updated its rolling look at the U.S. economy, projecting that GDP would grow 5.4 percent in the first quarter.
  • If the forecast holds, it would be the strongest quarter since the economic recovery began and would more than double the typical annualized growth during the period.
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That's good, because it was only 2.6% last quarter. Lower than expected.

barfo
 
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